Iraq’s oil revenues in June surpass $7 billion
An aerial view of an oil refinery near the city of Karbala in central Iraq on the day of its inauguration in October 2022. Photo: AFP
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Saturday that oil export revenues during June exceeded $7 billion.
According to row data issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during June were nearly 100.06 million barrels, with revenues estimated at $7.11 billion.
SOMO data revealed that the total quantities of crude oil exported during June from oil fields in central and southern Iraq were 98,725,620 barrels, the quantities loaded from warehouses to Jordan were 299,445 barrels, and oil exports from the Al-Qayyarah oilfield in Nineveh governorate in northern Iraq were 1,033,987 barrels.
The average price per barrel was more than $71.11, compared to $71.3 in May.
The average daily quantity exported from Iraq exceeded 3.33 million barrels per day.
Iraqi oil exports are loaded by international companies from ports on the Arabian Gulf and through the Turkish port of Ceyhan.
The country’s oil export revenues in May were more than $7.3 billion.
In April, Iraq’s oil export revenues exceeded $7.69 billion, according to an official statement.
The total exports of crude oil during March exceeded 100.9 million barrels, with revenues slightly exceeding $7.5 billion.
Crude oil exports during February were a little more than 92.25 million barrels with revenues exceeding $7.62 billion, while in January, Iraq exported more than 101.24 million barrels with $7.66 billion in revenues.